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Wisconsin Ag Connection - National/World News - Sales of Impossible Foods Reaches $1.5 Billion


National & World Ag News Headlines
Sales of Impossible Foods Reaches $1.5 Billion
USAgNet - 08/24/2020
Impossible Foods announced it has closed on another $200 million in funding through a Series G led by new investor Coatue. Existing investors Mirae Asset Global Investments and Temasek also contributed to the rounds, as did additional new investor XN.
Global AgInvesting reports that this round, which brings total funding for the company to nearly $1.5 billion since its launch in 2011, comes less than six months after Impossible raised a massive, oversubscribed $500 million Series F in March that was led by
South Korea's Mirae Asset Global Investments.
Founded by Dr. Patrick O. Brown, a biochemistry professor with Stanford and former pediatrician, Impossible Foods uses modern technology to make meat from plants, and in the process of sustainably feeding a growing population, is able to do its part to

Impossible Burger Hits 1,000 Supermarket Shelves

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Wegmans on the East Coast started carrying the Impossible Burger
Impossible Foods first launched its flagship plant-based Impossible Burger in retail stores in September, and now its expanding this footprint more than 500%. With 777 new Albertsons banners starting to carry the product on April 17, the total number of grocery stores will be approximately 1,000.
“We’ve always planned on a dramatic surge in retail for 2020 — but with more and more Americans’ eating at home under ‘shelter-in-place’ orders, we’ve received requests from retailers and consumers alike,” said Impossible Foods’ President Dennis Woodside. “Our existing retail partners have achieved record sales of Impossible Burger in recent weeks, and we are moving as quickly as possible to expand with retailers nationwide.”  

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